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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old Yesterday, 06:05 PM   #38001
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one property up 6% other up 2%.
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Old Yesterday, 06:09 PM   #38002
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I'm 3.5% down, oh well.
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Old Yesterday, 10:37 PM   #38003
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Originally Posted by supafamous View Post
Assessments are out - looks like things are down across the board from 3-9% depending on where you are. Not surprising at all.
waiting for my property taxes to go down 3-9% too.
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Old Today, 07:53 AM   #38004
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Everyone is poorer
Down 5.3%. I didn't think I could get anymore poor, cuz I'm already broke as eff.

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waiting for my property taxes to go down 3-9% too.
Don't hold your breathe you might die
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Old Today, 08:07 AM   #38005
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one property up 6% other up 2%.
Only the properties of hard working people from India went up, so much smarter than everyone else
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Old Today, 09:30 AM   #38006
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Isn't lower assessment the trade off for general lowering or flattening of housing prices in YVR? You can't have it both ways.
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Old Today, 12:12 PM   #38007
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As a owner you don't want lower prices, only if you don't own, but the didn't owns are too scared to buy what if it will drop more.
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Old Today, 01:02 PM   #38008
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Tbh it doesn’t matter if it’s your principal residence and the assessed value drops. It’s all relative, if the price drops and you sell, so will other homes that are for sale
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Old Today, 01:13 PM   #38009
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It's still good on paper, higher the value the more equity you can take back out.
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Old Today, 01:40 PM   #38010
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Umm, that equity isn’t free.
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Old Today, 02:05 PM   #38011
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Mine is down 6% from last year, no intention of selling anytime soon and still assessed around 35% more than I paid for it in Jan 2020. If I sell and move other places have dropped around the same, it's a whatever burger for me.

I'm still 15+ years from retirement so I have plenty of time to figure out an exit between now and then.
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Old Today, 02:20 PM   #38012
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Originally Posted by whitev70r View Post
Isn't lower assessment the trade off for general lowering or flattening of housing prices in YVR? You can't have it both ways.
The Canadian way is to fucking complain regardless.
My place had a 0% change from last year so I’m not sure how to get mad.
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Well.. I’d hate to be the first to say it, but Westopher is correct.
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Old Today, 02:49 PM   #38013
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^^ I'm sure your property tax, insurance etc all went up
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Old Today, 05:42 PM   #38014
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Originally Posted by RevYouUp View Post
Tbh it doesn’t matter if it’s your principal residence and the assessed value drops. It’s all relative, if the price drops and you sell, so will other homes that are for sale
What if the goal is to not re-buy?

Maybe at retirement i want to sell, and re invest that money into hookers before i end up 6ft under.....

The goal is for RE to be at peak, and HE (hooker estate) to be at bottom.
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Old Today, 05:56 PM   #38015
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Quote:
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Only the properties of hard working people from India went up, so much smarter than everyone else
I should pretend I'm an old white guy on facebook and complain about it being to high. Then file an official complaint to try to get it lowered.
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